FIASCO B.D.: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FIASCO B.D.
Largest movements
- Cash +€61,917
up €61,917 (+27.1%), from €228,252 to €290,169
mainly Net result for the year (+€34,822) and Depreciation (+€23,364)
- Tangible fixed assets -€18,971
down €18,971 (-8.2%), from €231,497 to €212,526
of which Land and buildings: -€18,642
- Reserves +€32,822
up €32,822 (+29.3%), from €112,100 to €144,922
of which Distributable reserves: +€32,822
- Tax, wage and social debts +€15,636
up €15,636 (+538.8%), from €2,902 to €18,538
- Other debts -€5,508
down €5,508 (-2.7%), from €206,070 to €200,561
- Gross operating margin +€6,006
up €6,006 (+7.5%), from €79,616 to €85,622
- Other operating charges -€4,547
down €4,547 (-30.7%), from €14,804 to €10,258
- Taxes +€4,189
up €4,189 (+32.1%), from €13,033 to €17,222
- Depreciation +€1,450
up €1,450 (+6.6%), from €21,914 to €23,364
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €476,750 | €522,402 | +€45,652 | +9.6% |
| Fixed assets | 21/28 | €231,497 | €212,526 | -€18,971 | -8.2% |
| Tangible fixed assets | 22/27 | €231,497 | €212,526 | -€18,971 | -8.2% |
| Land and buildings | 22 | €231,168 | €212,526 | -€18,642 | -8.1% |
| Plant, machinery and equipment | 23 | €329 | - | -€329 | |
| Current assets | 29/58 | €245,253 | €309,876 | +€64,623 | +26.3% |
| Amounts receivable within one year | 40/41 | €10,946 | €14,637 | +€3,691 | +33.7% |
| Trade receivables | 40 | €9,404 | €13,506 | +€4,101 | +43.6% |
| Other amounts receivable | 41 | €1,541 | €1,131 | -€410 | -26.6% |
| Current investments | 50/53 | €3,925 | €3,925 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €228,252 | €290,169 | +€61,917 | +27.1% |
| Deferred charges and accrued income | 490/1 | €2,130 | €1,145 | -€985 | -46.2% |
| Total equity and liabilities | 10/49 | €476,750 | €522,402 | +€45,652 | +9.6% |
| Equity | 10/15 | €254,574 | €289,396 | +€34,822 | +13.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €112,100 | €144,922 | +€32,822 | +29.3% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €109,001 | €141,823 | +€32,822 | +30.1% |
| Profit (loss) carried forward | 14 | €80,474 | €82,474 | +€2,000 | +2.5% |
| Amounts payable | 17/49 | €222,176 | €233,006 | +€10,830 | +4.9% |
| Amounts payable within one year | 42/48 | €222,176 | €233,006 | +€10,830 | +4.9% |
| Trade debts | 44 | €13,205 | €13,907 | +€703 | +5.3% |
| Suppliers | 440/4 | €13,205 | €13,907 | +€703 | +5.3% |
| Taxes, remuneration and social security | 45 | €2,902 | €18,538 | +€15,636 | +538.8% |
| Taxes | 450/3 | €2,902 | €18,538 | +€15,636 | +538.8% |
| Other amounts payable | 47/48 | €206,070 | €200,561 | -€5,508 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,914 | €23,364 | +€1,450 | +6.6% |
| Other operating charges | 640/8 | €14,804 | €10,258 | -€4,547 | -30.7% |
| Gross operating margin | 9900 | €79,616 | €85,622 | +€6,006 | +7.5% |
| Operating profit (loss) | 9901 | €42,898 | €52,001 | +€9,103 | +21.2% |
| Financial income | 75/76B | €131 | €333 | +€202 | +154.4% |
| Recurring financial income | 75 | €131 | €333 | +€202 | +154.4% |
| Financial charges | 65/66B | €373 | €290 | -€83 | -22.3% |
| Recurring financial charges | 65 | €373 | €290 | -€83 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €42,656 | €52,044 | +€9,388 | +22.0% |
| Income taxes | 67/77 | €13,033 | €17,222 | +€4,189 | +32.1% |
| Profit (loss) for the period | 9904 | €29,623 | €34,822 | +€5,199 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,623 | €34,822 | +€5,199 | +17.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.